Williams Jones & Associates LLC Has $2.68 Million Holdings in W.W. Grainger, Inc. (GWW)
Williams Jones & Associates LLC reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,857 shares of the industrial products company’s stock after selling 825 shares during the period. Williams Jones & Associates LLC’s holdings in W.W. Grainger were worth $2,682,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GWW. AHL Partners LLP grew its holdings in shares of W.W. Grainger by 15.6% during the second quarter. AHL Partners LLP now owns 23,363 shares of the industrial products company’s stock worth $4,217,000 after buying an additional 3,148 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in W.W. Grainger during the second quarter worth approximately $2,165,000. Salem Investment Counselors Inc. boosted its position in W.W. Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the last quarter. QCM Cayman Ltd. acquired a new stake in W.W. Grainger during the second quarter worth approximately $234,000. Finally, Sun Life Financial INC boosted its position in W.W. Grainger by 20,542.9% during the second quarter. Sun Life Financial INC now owns 1,445 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 1,438 shares during the last quarter. 80.58% of the stock is currently owned by institutional investors.
Shares of W.W. Grainger, Inc. (GWW) traded down 1.0077% during mid-day trading on Wednesday, hitting $180.5223. The stock had a trading volume of 76,615 shares. W.W. Grainger, Inc. has a one year low of $155.00 and a one year high of $262.71. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 20.8095 and a beta of 0.76. The company has a 50-day moving average of $168.08 and a 200 day moving average of $183.07.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.09. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $2.89 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post $10.37 earnings per share for the current year.
GWW has been the subject of several recent analyst reports. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub raised W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Credit Suisse Group raised W.W. Grainger to a “hold” rating and set a $175.00 price target on the stock in a research note on Wednesday, July 19th. Wells Fargo & Company restated a “market perform” rating and set a $174.00 price objective (down previously from $202.50) on shares of W.W. Grainger in a report on Wednesday, July 12th. Finally, Northcoast Research initiated coverage on W.W. Grainger in a report on Tuesday, July 25th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $179.92.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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